The post BitMine claims global Ethereum treasury title with $2.9b in holdings appeared on BitcoinEthereumNews.com.

BitMine Immersion is executing one of crypto’s most aggressive accumulation plays, amassing 833,137 ETH worth $2.9 billion in just five weeks. The staggering haul now positions the firm as the single largest corporate holder of Ethereum worldwide. Summary BitMine Immersion has become the world’s largest corporate holder of Ethereum, acquiring 833,137 ETH worth $2.9B in just 35 days. Trading volume in BitMine stock has surged to rival major equities, signaling strong institutional belief in its Ethereum-centric pivot. In a press release dated August 4, BitMine Immersion Technologies announced its Ethereum (ETH) treasury had ballooned to 833,137 ETH, surpassing all other publicly traded companies in total holdings. The company, which only began its ETH accumulation strategy in late June, achieved the milestone at breakneck speed, adding an average of nearly 24,000 ETH per day. At current prices, the stash accounts for roughly 0.7% of Ethereum’s total circulating supply, putting BitMine on course to achieve its stated goal of amassing 5% of the asset. “BitMine moved with lightning speed in its pursuit of the ‘alchemy of 5%’ of ETH growing our ETH holdings to over 833,000 from zero 35 days ago,” Thomas Lee, Chairman of BitMine’s Board of Directors, said. “We have separated ourselves among crypto treasury peers by both the velocity of raising crypto NAV per share and by the high liquidity of our stock.” Why BitMine is betting big on Ethereum. BitMine’s aggressive accumulation strategy appears to be driven by the conviction that staking will soon become one of the most dependable sources of return in digital markets. Chairman Thomas emphasized in the press release that once staking begins, BitMine’s earnings profile will shift dramatically, positioning the company to bolster shareholder value in a manner following Michael Saylor’s Strategy. Investors appear to be aligned with the vision. Per the press…

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Filed under: News - @ August 4, 2025 8:26 pm